The Securities and Exchange Board of India (Sebi) has put up for sale as many as 16 properties of four firms — Golden Life Agro India, Greenworld Agro Industries, Sun Plant Business and Sun Plant Agro — in order to recover dues worth over Rs 87 crore.
The markets watchdog had earlier attached some of their properties after it asked them to refund investors' money along with interest, which did not materialise.
These companies had illegally raised funds from the public.
The markets regulator said the bidders should make their own independent enquiries regarding the encumbrances, litigation, attachments, acquisition and liabilities of the property put on auction prior to submitting their bids.
"The properties are being sold with all the existing and future encumbrances whether known or unknown to Sebi. Sebi shall not be responsible in any way for any third party claims/rights/dues, etc," the notice said.